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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problems until we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be ou
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problems until we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks and wall street wells fargo bank of america citi bank goldman sachs they generally pay zero federal corporate income taxes that's one side they pay nothing over a period of ten years they might pay one or two percent at most but the other thing is the turnover in other words they're buying and selling trading they're doing flash trading high frequency trading they're doing a million trades per second on one computer and they have many computers there's no sales tax on any of that the average person to buy a pair of shoes or some clothing or some electronics you're going to pay sales tax in america
debate about the so-called fiscal cliff fiscal cliff is really a fraud it's a it's a term invented by helicopter ben bernanke of the federal reserve so not a good thing it's designed to stampede people here's the main idea you don't need to have genocidal austerity by cutting social security medicare medicaid unemployment benefits food stamps in particular there's one huge flow of wealth that has not ever been taxed in recent years it's called wall street if you look at the main zombie banks...
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but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i think that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and increase spending and they can't bare to raise taxes and reduce spending and that's where we'll end up in three months and have a vote to lower taxes and increase spending. >> jonas what does it do in the short-term, i know you're talking long-term. but short. >> they'recaring everybody about this, like we've got to keep pushing on or the world is going to end and it's not as bad a the politicians are pretending it is even. look, it's not a gd thing, but psyched into a level and it will be worse than the rea ffect of having the tax increase on the government level and that's the danger, using it as a tool
but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i think that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and...
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cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter: the didn't work, now, their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> reporter: democrats shot back. >> they're not only blaming her for this intelligence report, they're trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house, i could write a bock. >> or make an internet video that's actor angus t. jones caught slamming his own tv show. >> if you watch "two and a half men" please stop watching "two and a half men." i'm on it and don't want to be on it. >> reporter: he apologized but may still get his wish. now, to just two men. these two men. in
cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter:...
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this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid again, but washington, you have real work to do. a looming fiscal cliff and what are we hearing? as jeff sessions says -- >> a lot of flimflam. >> flimflam. we told you last night that tim geithner hopscotched his way down pennsylvania avenue to bring the president's proposal from the white house to capitol hill and instead of offering compromise, he leapt to the extreme. his plan taxes $1.6 trillion of taxes. higher tax rates on people, families making more than $250,000 as well as closing loopholes, limiting deductions, raising the estate tax rate and increasing the taxes on capital gains and dividends and the plan spends nearly $200 billion. another stimulus packag
this fiscal cliff though is not child's play. it's just 33 days away and today, president obama's visit to a toy factory in pennsylvania had everyone acting a bit childish. >> i've been keeping my own naughty and nice lists. >> we're not interesting in playing. >> i wasn't going to have him building roller coasters all day long. >> sure, who doesn't want to be a kid again, but washington, you have real work to do. a looming fiscal cliff and what are we hearing? as jeff...
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is it a fiscal cliff or a slope? how dramatic will this fall off be on january 1st? or is there going to be the decision that if this decision is not made on january 1st, we'll be fine. >> they constantly talk about short-term agreement right now and then pushing important decision abouts entitlement reform taxes that kind of stuff into 2013. clearly we're not confronting a killer drop off, a fiscal cliff that we hear so often that will send the country careening into a recession after bees december 31st. this will play out across 2013. it's not going to happen all on one single day. it is a fiscal slope. some of the budget lines here in washington has tried to emphasize that point. but the problem is when you have john boehner and in the white house, folks like this in washington using the term fiscal cliff, it takes to become a reality and take on language of its own. >> eliot: it seems to me that there is an element of hysteria being created and used by some folks. you have fix the debt coalition that is away at this terror, and then you see cmbc and this business
is it a fiscal cliff or a slope? how dramatic will this fall off be on january 1st? or is there going to be the decision that if this decision is not made on january 1st, we'll be fine. >> they constantly talk about short-term agreement right now and then pushing important decision abouts entitlement reform taxes that kind of stuff into 2013. clearly we're not confronting a killer drop off, a fiscal cliff that we hear so often that will send the country careening into a recession after...
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Nov 29, 2012
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are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on local, helping businesses retain customers an drive frequency in their local markets can really help drive through any potential impact of a fiscal cliff. >> jeff, what are you hearing in the valley about the fiscal cliff, how concerned are the other people that you talk to, the inknow vnovators out there, are millionaires, billionaires and many of whom are trying to start new businesses in the valley. >> you know, the perception is more about -- the talk is more about the potential impact on business and allowing -- not taking action to address this issue and letting it expire is bad for business. every
are they worried that if indeed we get close to the fiscal cliff or we go over the fiscal cliff that that will affect their businesses? >> well, for us, we primarily focus on working with small, medium size businesses. fiscal cliffs and politics don't come up much in our conversations. we focus on creating customer unique rewards. i think businesses know from a consumer standpoint, it's greater than 90% are disposable income is spent within a couple of miles of your home. focusing on...
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Dec 4, 2012
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six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy. >> that's just not going to happen. >> reporter: the pentagon could take the biggest hit from president obama told defense experts monday, don't worry. >> even as we make very tough fiscal choices, we're going to keep investing in these programs. >> reporter: he went online on youtube and twitter explaining why he thinks the rich should pay more. going over the fiscal cliff could cost america jobs. >> we're only expanding 2% right now. it needs to be considerably higher to bring more people off unemployment. >> reporter: for the jobless, president obama is asking congress for million
six governors, democrats, and republicans weigh in on the fiscal cliff today. what will they tell president obama about the spending cuts and tax increases now just 28 days away? >> we must reign in our out of control spending. >> reporter: republicans have an offer, $800 billion in new taxes, half what the president wanted. $600 billion saved in part by making americans wait until they're 67 to get medicare. plus more cuts totalling $2.2 trillion. but no tax hikes for the wealthy....
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Nov 29, 2012
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ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting reces
ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market...
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that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and my colleague congressman tim walls, filed a discharge petition today to take the bill that we have, that has already passed the senate, that grants certainty to the middle class, to take that bill up and make sure that we can extend the middle class tax breaks before the holidays where we can give -- that's what everyone agrees on. i don't know any republican or democrat that thinks we should let those tax rates -- tax cuts for the middle class expire. so we should pass that now. and then on the things that we're having more trouble agreeing on, we should sit down at the table. the one thing i
that's really what the crux of this fiscal cliff negotiation -- what these fiscal cliff negotiations are all about. they're about fairness. when the president and congressional democrats talk about the need for balanced approach, to deficit reduction and dealing with the fiscal cliff, we're talking about fairness. we're talking about making sure that if you work hard and play by the rules everyone has a chance to succeed. that the middle class needs certainly tight right now. speaker pelosi and...
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we are going back to the looming fiscal cliff. that's what florida senator marco rubio is talking about. >> he discusses the negotiations on capitol hill and the raising taxes. >> my parents worked in the service industry we were able to afford a house. we always had what we needed thank god and thank this country. that's only possible in the future if we have limited government and enter prides. people come here from all over the world to get away from big government. i hope multiple voices out there making the argument. it is the only way forward for us. we will never be able to raise enough taxes to get out of the situation we are in. the only way forward is rapid economic growth. not new taxes we need new taxpayers. >> rubio sa>> what a difference few days can make. we had gorgeous weather a few days ago. it will be really wintery outside today. >> somebody in the hallway this morning was why is it so cold out, dean? it is december. we had a treat with warmer than average temperatures than most. winter out there in new york ci
we are going back to the looming fiscal cliff. that's what florida senator marco rubio is talking about. >> he discusses the negotiations on capitol hill and the raising taxes. >> my parents worked in the service industry we were able to afford a house. we always had what we needed thank god and thank this country. that's only possible in the future if we have limited government and enter prides. people come here from all over the world to get away from big government. i hope...
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Dec 5, 2012
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>> i contends the fiscal cliff will come to an agreement. it will be temporary in nature, kind of a year type of plan. i think the market has digested a bit that tax rates will go up. it's just a matter of how much spending are we going to cut to make this a market between the democrats and republicans. >> does monetary policy hurt or help the banks? keeping rates as low as they are, it's tough to make a buck the traditional way of lending and spending, right? >> i'm going to be a two-armed economist because i can't said on the other hand. there's two things that are very important. first of all, credit in commercial real estate is phenomenal. cap rates are really low. so the fact that rates are as low as they are has allowed commercial real estate not to fall into the abyss. if commercial real estate had to refi at high rates, we would have had another problem. the other problem is the fact margins are getting squeezed at these banks. credit quality is better. >> that's where the money comes from. >> yeah, fees. by the way, you can eat thes
>> i contends the fiscal cliff will come to an agreement. it will be temporary in nature, kind of a year type of plan. i think the market has digested a bit that tax rates will go up. it's just a matter of how much spending are we going to cut to make this a market between the democrats and republicans. >> does monetary policy hurt or help the banks? keeping rates as low as they are, it's tough to make a buck the traditional way of lending and spending, right? >> i'm going to...
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here to explain it is fiscal cliff huxtable. >> the fiscal cliff is a conundrum that the u.s. government will face at the end of 2012. the pudding in the -- [ cheers and applause ] >> jimmy: i still don't -- i still don't know. guys, we've got a big show. we have "twilight" star robert pattinson on the show tonight. [ cheers and applause ] calm down, ladies, or i will show that picture of karl rove one more time. [ laughter ] i'm threatening. everybody's really excited that robert pattinson is here. in fact, backstage, i asked him to sign a "twilight" poster for my niece. and her name is jimmy. [ laughter ] isn't that weird? [ applause ] and, finally, google just launched a new service called free zone that will help millions of people in developing countries get internet access. not to be confused with that other internet free zone -- when your neighbor forgets to put his password on his wi-fi. we have a great show tonight. give it up for the roots, everybody! [ cheers and applause ] ♪ [ cheers and applause ] >> jimmy: we have a fun show tonight. like i said, he is a great
here to explain it is fiscal cliff huxtable. >> the fiscal cliff is a conundrum that the u.s. government will face at the end of 2012. the pudding in the -- [ cheers and applause ] >> jimmy: i still don't -- i still don't know. guys, we've got a big show. we have "twilight" star robert pattinson on the show tonight. [ cheers and applause ] calm down, ladies, or i will show that picture of karl rove one more time. [ laughter ] i'm threatening. everybody's really excited...
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we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on the website, you get unlimited amount of space. just go on. >> tell me editor. >> i know. >> thanks, guys. see you soon. let's get over to jackie deangelis with a quick market flash. >> hey, there. watching shares of super value tanking on a headline that talks have stalled. reportedly struggling to get financing for a s
we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy...
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fiscal cliff, amazement and dismay. i've heard it again and again. >> toes are the two words i focused on, amazement and dismay, and my question comes is he making any changes for fedex? >> companies need clarity. and even in the third quarter gdp report you can see that companies holding back on computer purchases, on equipment purchases, because they don't know what's going to happen next year. if there's going to be a recession or not. can i tell you, not to know whether you're going to have a recession is such an uncertainty for your families. christmas spending. how do you do holiday spending if you don't know what kind of tax refund you're going to get? congress is in a sticky spot here. the mood was pretty grim in washington yesterday when i was there for that interview. a lot of folks were saying they're not making plans for the holidays. washington insiders. because they think that they're going to be doing this down to the very last minute. >> i know you were dismayed saying that typically behind the scenes, a
fiscal cliff, amazement and dismay. i've heard it again and again. >> toes are the two words i focused on, amazement and dismay, and my question comes is he making any changes for fedex? >> companies need clarity. and even in the third quarter gdp report you can see that companies holding back on computer purchases, on equipment purchases, because they don't know what's going to happen next year. if there's going to be a recession or not. can i tell you, not to know whether you're...
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it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares bylackrock. call 1-800-ishes for a prosctus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforter
it is because of the fiscal cliff, not because of the fiscal cliff, the fiscal clip could be play no role in this whatsoever. move on. fory's 30 mortgage rate rising to 3.34% and senator jim demint beating the senate to lead the heritage foundation. back in a moment. i ed to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their...
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fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game. because we have to break that habit before it starts. >> bret: what about that? >> well, the president had as many red lines for iran as for house republicans. i think what kirsten said is absolutely remarkable. it is about the scalp. it's about the president having made a campaign argument for the better part of 2012. so that he could run a class warfare campaign. now having to make good on that with the base of his party. the u.s. economy be damned. the republicans offered to give so much and offering precisely what erskine bowles laid out as a compromise position in
fiscal cliff, beyond the fiscal cliff. let me get to this steve. this is about including the debt ceiling. and what the president said about that in this negotiation today. >> we are not going to play that game next year. >> if congress in any way suggests they will tie negotiation to debt ceiling votes and take us to the brink of default once again, part of a budget negotiation, which by the way we have never done in our history until we did it last year. i will not play that game....
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Nov 30, 2012
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this is obama's fiscal cliff. if the republicans cave, we'll have a fiscal cliff in about three or four years that's going to be the grand canyon. we're going to go collapsing. it's going to be awful. >> sean: i agree with you. >> we got to fight like william wallace in "brave heart." fight for america. we can win it in the next 30 days. >> sean: i'm with you. leslie, seriously, why can't we have some significant spending cuts now? the president, first of all, said he only wanted $800 billion when he was running, now he's doubled it, but there's no cuts. government can't find waste, fraud, abuse, cut back on their intoxication and power grab with spending? >> i agree that medicare is one program that has a lot of fraud. quite frankly the president has been very clear that they're going to be -- >> sean: when? when? >> democrats and republicans will have to suck it up. when you guys call caving in, i call compromise. >> sean: republicans compromise, cave, and -- >> we're not violating the tax pledge if we let somet
this is obama's fiscal cliff. if the republicans cave, we'll have a fiscal cliff in about three or four years that's going to be the grand canyon. we're going to go collapsing. it's going to be awful. >> sean: i agree with you. >> we got to fight like william wallace in "brave heart." fight for america. we can win it in the next 30 days. >> sean: i'm with you. leslie, seriously, why can't we have some significant spending cuts now? the president, first of all, said...
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following the latest on the fiscal cliff fiasco. congress is facing the issue of the fiscal cliff and other tough economic decisions. why did just today republican leadership cancel tomorrow's session allowing the house to leave town with three days left on the legislative calendar? i'll talk with two democratic members of congress just and allyson schwartz and john yarmuth. i'll talk to roger simon. he has a scathing new column out on republicans. roger says, quote, listen to this, republicans have found their stab in the back. it was the minorities what done them in. that's what he wrote. we'll ask him about it. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car repla
following the latest on the fiscal cliff fiasco. congress is facing the issue of the fiscal cliff and other tough economic decisions. why did just today republican leadership cancel tomorrow's session allowing the house to leave town with three days left on the legislative calendar? i'll talk with two democratic members of congress just and allyson schwartz and john yarmuth. i'll talk to roger simon. he has a scathing new column out on republicans. roger says, quote, listen to this, republicans...
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Dec 1, 2012
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cliff and it's actually not a fiscal cliff, you hear a lot of liberals saying it's a slope. and the world is not going to end if we go over it. now, you won't finds too many people in the administration who agree with that. they worry about the psychology, the markets. and frankly just the drama associated with hitting that deadline and washington's inability to deal with this deadline. they worry about that. but the growing argument on the left, is that the white house shouldn't be so concerned. they should just call the republicans bluff. >> the democrats like to say that they got a mandate out of the last election. but do you think that's true? certainly, it's stronger in the senate for them, but republicans still control the house. >> on this question of letting tax rates for those at the top -- the lower tax rates expire for those at the top, there is a mandate. polling has been consistent for years, and we saw in the exit poll. 60% of voters overall, and more importantly, 80% of obama voters is more unified democratic coalition support letting the tax rates expire. tha
cliff and it's actually not a fiscal cliff, you hear a lot of liberals saying it's a slope. and the world is not going to end if we go over it. now, you won't finds too many people in the administration who agree with that. they worry about the psychology, the markets. and frankly just the drama associated with hitting that deadline and washington's inability to deal with this deadline. they worry about that. but the growing argument on the left, is that the white house shouldn't be so...
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., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a three-foot tsunami in the miyagi prefecture. the u.s. geological survey says there's no risk of a widespread tsunami, and so far, there have been no news of injuries or damage. of course, we're going to keep an eye on any aftershocks that occur and we'll bring you the very latest. >>> well, elsewhere, all eyes are on cairo this morning as turmoil has once again overtaken egypt's capital. this time, it's in response to a politically explosive power grab by the democracy's president, mohamed morsi. right now, soldiers are setting up barricades as morsi's opponents plan a million man march in cairo's tahrir squ
., the president is taking his fiscal cliff solutions directly to the people. >>> plus, a modern-day spy story ripped from the pages of a tom clancy novel. good morning, everyone. i'm lynn berry and we start with breaking news out of japan. a strong 7.3-magnitude earthquake has struck off the country's northeastern coast. that's the same region hit by last year's massive earthquake and tsunami. well, this morning's quake shook buildings as far as tokyo, and there are reports of a...
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the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road where they have more leverage. president obama was asked about that earlier this week and said he doesn't want to play the debt ceiling game anymore. that's where republicans have more leverage than then do on other matters. >> all right. senior political editor mark murray, have a great weekend, sir. >> i want to bring in congressman peter welch from vermont. good to see you again. talked to you last weekend on msnbc. at that point you told me that you thought there was a 50/50 shot we'd go off the so-called fiscal cliff. today speaker boehner said talks we
the fiscal cliff and the debt ceiling, are they connected? >> the white house wants them to be connected. they actually think if neck get a deal decoupling the bush tax cuts, having entitlement reform in dealing with the debt ceiling that is getting a raise and not having to worry about it for another couple of years, that's what they want. house republicans have indicated that, look, they actually might want it to kick the can down the road, make a deal on taxes but kick it down the road...
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Dec 6, 2012
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it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like adults. tonight signs that maybe some adult behavior might be prevail and a compromise might be reached. jessica yellen joins us, dana bash and david gergen. what's the latest? >> reporter: they are a long way from a deal, but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was
it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials would behave like spoiled children...
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Nov 29, 2012
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and that needs to be remembered when we're talking about the fiscal cliff. now, women really are, in fact, bearing the primary burden of all of these cuts. and so what we're saying is, let's don't engage in these cuts. let's have an aggressive jobs policy, put people to work, bring more money into the federal treasury, and lower the deficit that way. and, obviously, tax the millionaires and billionaires fairly for the first time in 30 years. >> right. >> so, terry, aggressive jobs program. great. that's the third way. president obama submitted to congress the american jobs act last september. so are you suggesting -- are you suggesting that that bill be passed? are you suggesting that it be reworked, junked and recreated? the second part of that question is, what are you going to do? what is now going to do to ensure that it gets passed? >> i would really much rather representative john connier's jobs bill be passed. it's much more aggressive. january ja cow ski also has a wonderful jobs bill. president obama's is much more modst. but it does lead us beginni
and that needs to be remembered when we're talking about the fiscal cliff. now, women really are, in fact, bearing the primary burden of all of these cuts. and so what we're saying is, let's don't engage in these cuts. let's have an aggressive jobs policy, put people to work, bring more money into the federal treasury, and lower the deficit that way. and, obviously, tax the millionaires and billionaires fairly for the first time in 30 years. >> right. >> so, terry, aggressive jobs...
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." >>> could going over the fiscal cliff be just what washington has wanted all along? >>> millions of americans are getting battered by a third severe storm with drenching rains, chevy snow and strong winds. details ahead. >>> and the stars were out last night for the kennedy center's honors. members of led zeppelin, david letterman, dustin hoffman and many others. we'll have that and much more coming up this monday morning on "first look." and a very good morning to you. i'm veronica de la cruz. one solution being heard more and more about solving the nation's financial showdown could be actually allowing the deadline to pass and letting america go over the fiscal cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal ri
." >>> could going over the fiscal cliff be just what washington has wanted all along? >>> millions of americans are getting battered by a third severe storm with drenching rains, chevy snow and strong winds. details ahead. >>> and the stars were out last night for the kennedy center's honors. members of led zeppelin, david letterman, dustin hoffman and many others. we'll have that and much more coming up this monday morning on "first look." and a very...
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. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in taxes over ten years, imposing higher rates on those making more than $250,000 a year. in a letter sent to the white house today, speaker of the house john boehner rejected the president's approach, writing that republicans cannot in good conscience agree to this approach which is neither balanced nor realistic. his counter-offer, save $2.2 trillion by among other things raising $800 billion in new revenues. the plan would also raise the future eligibility age for medicare and alter medicaid to save another $600 billion. the republican plan would not increase tax rates for the wealthy. the president is campaign
. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion...
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the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next year. it all comes down to leverage. democrats see that they have the leverage here because look at most recent polls today. if you look at this week, if you look at recent polls out this week, it shows that a majority of americans say if there is no deal, if we go over the fiscal cliff, they will blame republicans and not democrats or the president. you can be sure everyone is watching those polls. the debt ceiling if you can believe it, i know christine is rolling her eyes over there, the debt ceiling is becoming a part of this. >> that dialogue has been going on for quite some time now. at the en
the debt ceiling if it is not part of any agreement, regarding the fiscal cliff to avert the fiscal cliff they will need to take up this question of raising the debt ceiling come likely early next year. republicans see that the question of raising the debt creeling is where they have leverage in this negotiation. the president and democrats do not want the debt ceiling to be kind of -- raising the debt ceiling to be part of this negotiation. they do not want this on their plate come early next...
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the standoff over the fiscal cliff. kwame holman updates the state of the negotiations and we talk with tennessee republican senator bob corker. >> ifill: jeffrey brown examines new concerns over syria's chemical weapons capability and what, if anything, the u.s. can do about it. >> woodruff: from florida, hari sreenivasan has the story of endangered coral reefs. many of them dying because ocean temperatures are rising and the waters are more acidic. >> i remember seeing fields of elk horn coral that you couldn't see through it and you couldn't see beyond it and those same areas are dead you know 99% dead. ♪ >> ifill: and we close with a remembrance of jazz great dave brubeck who died today, one day shy of his 92nd birthday. >> woodruff: that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs stati
the standoff over the fiscal cliff. kwame holman updates the state of the negotiations and we talk with tennessee republican senator bob corker. >> ifill: jeffrey brown examines new concerns over syria's chemical weapons capability and what, if anything, the u.s. can do about it. >> woodruff: from florida, hari sreenivasan has the story of endangered coral reefs. many of them dying because ocean temperatures are rising and the waters are more acidic. >> i remember seeing...
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the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is the framework we are operating on. within that framework, i am happy to be flexible. i recognize i will not get 100%. i will not agree to a plan a in which we have some revenue that is vague and potentially comes out of the pockets of middle- class families in exchange for some very specific entitlement cuts that would affect seniors or other folks who are vulnerable. host: president obama with the bloomberg tv. next up, sarah on the republican line. caller: i think president obama is blackmailing the congress. he thinks sin
the fiscal cliff issue. i want to show you a bit this morning of president obama in an interview with the bloomberg tv on tuesday talking about where he is in the debate. [video clip] >> i did not expect republicans to agree to any plan where they are betting that the entitlement reform will happen. we will have to have specific downpayments now recognizing we will have to continue to work to see if we can come up with better ideas to reduce health- care costs over the long term. that is...
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especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us. steve satich, ohio congressman, steve latourette, and ambassador nick burns are our guests this morning. it's thursday, december 6th, and "starting point" begins right now. >>> welcome, everybody. our starting point this morning, some major developments to tell you about in egypt, after angry protests against political moves by the president, mohamed morsi, have turned deadly. tanks, armored personnel vehicles, all stationed outside the presidential analysis cairo. not only are they guarding the palace, they're also keeping apart supporters and opponents of mo
especially if we go over the fiscal cliff. what top economists are saying about your investments. >>> and is this what the fiscal cliff deal has come to? why 81-year-old former senator alan simpson is going gangnam style to get everyone's attention on debt. >> it has officially jumped the shark. >>> alan st. pierre is the executive director for the national,or for the reform of marijuana laws. oregon senator jeff merkley, heidi ewing, and rachel grady will be joining us....
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and that the rhetoric around the fiscal cliff or what i like to call the fiscal bluff is really just a way to thinly shroud these drastic budget cuts that will result in 60,000 people with aids around the world dying. these are preventable deaths that we could otherwise avoid if these budget cuts don't go through. >> let's talk about those cuts because the aids, their speculation is that more than $500 million will be cut from hiv/aids programs in the first year if it goes into effect. do you see the need for entitlement reform at any measure and, if you do, what cuts would your group be okay with? >> so, here's the thing. if we could just pass a tiny tax on the speculative stock transactions, a robinhood tax, we could actually generate up to $350 billion, and i said billion dollars a year. every single year. that would be more than enough money to end the aids pandemic and to have money left over for the largest jobs program that we ever dreamed of and enough money to fight against climate change so us up here in new york won't have to face things like hurricane sandy, again. a robi
and that the rhetoric around the fiscal cliff or what i like to call the fiscal bluff is really just a way to thinly shroud these drastic budget cuts that will result in 60,000 people with aids around the world dying. these are preventable deaths that we could otherwise avoid if these budget cuts don't go through. >> let's talk about those cuts because the aids, their speculation is that more than $500 million will be cut from hiv/aids programs in the first year if it goes into effect. do...
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take a look. >> what is the fiscal cliff? >> we're from new mexico out here to clean up. >> no idea. >> the cliff? how tall is it? >> i have no idea. >> where is it? >> can i google it? >> bad news. it's bad news. fiscal cliff. >>> end of the world, apparently, right. >> if you wanted to take one of these cliff bars, if you wanted to take one that tasted like the fiscal cliff. >> which one would you choose and why? the one that tastes like crap. >> we're all going to fall off the face of the earth. >> they need to fix it. that's what they're paid for. >> what happens if they don't? >> we're going to lose some money. >> it reminds me of something i learned in school, i'm going to guess some like of cliff, avalanche. >> how tall is it? >> i'd say at least like 370 some feet. >> i don't know. it sounds like something disgusting to eat or something. >> you heard of it? >> it's part of our economy going choooooooo. >> i'm pretty sure we don't have a fiscal cliff. >> we fell off of it. >> yes, we did. >> is it a dangerous cliff? >>
take a look. >> what is the fiscal cliff? >> we're from new mexico out here to clean up. >> no idea. >> the cliff? how tall is it? >> i have no idea. >> where is it? >> can i google it? >> bad news. it's bad news. fiscal cliff. >>> end of the world, apparently, right. >> if you wanted to take one of these cliff bars, if you wanted to take one that tasted like the fiscal cliff. >> which one would you choose and why? the one...